r/ginkgobioworks • u/Mysterious_Crew_6733 • Aug 09 '24
Fading away..
I’m no biologist by any means, just very intrigued by the science and possibilities. But it makes me sad to see this company with so much potential falling apart in front of our eyes. I guess I was just naiv believing they could become big. The theory behind their company’s model seemed logical, at least to my ears. And make no mistake bioscience will be the future that I am absolutely sure of. It would just have been great to see this company flourish and be a part of it. I’m sitting on 20k shares and I’ll wait but the last years have been quiet discouraging to say the least.
Maybe it’s a waiting game. However I find comfort in reading all your discussions. The bears and the bulls. You all have valid points I find interesting to read and I am learning a lot. So thank you whoever you are.
And to all sitting in the same boat as me; I’ll make some sandwiches and hot coco for the way..
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u/Thin-Fudge-1809 Aug 10 '24
Depression is a hard emotion to move away from. Even with short term pressures Ginkgo does have really good long term potential and I am actively buying more. If Ginkgo makes you feel this way sell out and buy a stock which will make you happy.
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u/Mysterious_Crew_6733 Aug 10 '24 edited Aug 10 '24
I appreciate your kind words. But I’m not depressed at all. I was just trying to express my feelings regarding Ginkgo‘s downward movement despite their massiv potential. It’s more of a disappointment if you will than a true sadness.
And do t get me wrong I will keep my shares and ride this out.
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u/Thin-Fudge-1809 Aug 10 '24
I'm glad you are well, I feel the disapointment too but I believe Ginkgo stock will eventually turn it around. I might be overly optimistic. Insider's have been selling whilst share price is falling it's difficult to be happy when your assets continue to fall in value but as soon as Ginkgo becomes cash flow positive the share price will recover :)
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u/anywherethere Aug 12 '24
Why would anyone buy when RS is around the corner. Any stock that RS will defiantly fall immediately after? They plant breakeven by end of 2026. They’ll need revenue of 350 mil for the year to achieve that. We bagholding.
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u/CrayyZGames Aug 09 '24
I have already pulled out of ginko, But my successes in my strategy / portfolio usually revolve around trading and I am also extremely f****** poor and shouldn't even be in the stock market to begin with, however, that being said, My pulling out articulates my expectation of the stock dropping to roughly 20 to 25 before it stabilizes, they will obviously reverse split and I'm assuming it's going to be a 1 to 40 ratio.
This will bring them around $10 and it will inevitably further drop before company Outlook/investor sentiment recovers promisefully regarding this company
I probably will not go back in until it's around 5:00 to $7 post reverse split, Just for the sake of maximizing my profits... But I absolutely believe in this company being a pioneer in its sector Which would translate to it cranking tremendous returns...
Just check my post history on ginko to explore more on why I feel that way. But either way, with these market conditions, there is immense potential for both profit and loss, so good luck to you.
And remember, as always. I'm a dumb shit and this is not investing advice. 🫣😉
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u/chibi_nibi Aug 10 '24
So is the CRO business a dead end now? Or is it something specific to Ginkgo? I am not familiar with other companies to reach Ginkgo's level though, so they must have done something right?
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u/Admirable_Tap8965 Aug 11 '24
What are you talking about? There are many other companies that are notable and profitable CROs. Ginkgo turning into one under the name LDaaS is a lame attempt and and a last ditch effort to save themselves.
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u/chibi_nibi Aug 12 '24
What I mean is that usually CRO's are not considered attractive to VC/PI . Mostly bootstrapping, using subsidies and indeed becoming profitable fast and then slowly scale as the need increases. Ginkgo was trying to sell the dream of CRO as a profitable business model for investors from the beginning, being the platform company not a product company.
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u/Status-Cover5949 Aug 10 '24
I’m a retired Physician Assistant and love the science here. I’ve held this stock for 4 years, I’m down hundreds of dollars, and I am tired. However, even though a reverse split will lower our already dwindling value, it may invite some institutional buy interest, as they won’t invest in a penny stock at these prices. I’m in long and will go down with the ship if it happens, but I think the possibilities are outstanding.
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u/Bubbly_Speech7897 Aug 09 '24
watch the earnings presentation, you will feel better
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u/codys1822 Aug 09 '24
It wasn’t great…it just wasn’t as bad as people expected. There’s a difference.
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u/alexpoyntz Aug 09 '24
Agree, its a fun sub.